Government Officials Face Ban on Insider Trading

Thursday, 02 Feb 2012 01:25 PM

 

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WASHINGTON (AP) — The Senate is poised to pass a bill banning insider trading by lawmakers as well as the executive branch.

Lawmakers are reeling from dismal approval ratings and plan a final vote today.

But first senators must consider nearly two dozen amendments, including some that would doom the bill if they passed. But damaging changes are unlikely, given a 93-2 vote on Monday to let the Senate consider the bill.

The bill would make lawmakers and top staffers file a public, online report within 30 days of buying or selling securities.

Republicans insisted on including the executive branch. Sen. Charles Schumer of New York said Democrats agreed to make sure the bill didn't get bogged down in a partisan dispute.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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